PLS 3.86% $2.74 pilbara minerals limited

WHO are theses selling today, page-134

  1. 13,453 Posts.
    lightbulb Created with Sketch. 4580
    I think the charts below tells you everything one needs to know , the shareprice of Company producing Lithium will more or less follow the price of Lithium , shorters or no shorters and I'm sure any Lithium index will be shorted itself, but in the end supply an demand dictate the price of commodities , with over runs in either direction.

    When that index tracks up expect the shareprice to do likewise, however at some stage PLS will establish a shareprice more  PE related,  but still continue to loosely track the Lithium price.

    The culprit is Lithium not shorters or "manipulators " of PLS ,ther'e just bit players  , there are much larger players out there able to push the Lithium price around, but again supply and demand will eventually rule...

    PLS has set itself up to benefit  greatly from any shortage and enough margin to cope with a glut IMO and that's a good space to be as a producer.

    Anyone who thought PLS could maintain the largely hype driven shareprice high of a year ago, against the subsequent  falling Lithium price , a general market correction while raising cash to construct stage 1 , is not facing reality IMO , trying to find someone to blame instead.

    Cheers Whisky

    Screenshot_20190105-122502.jpg 20190105_122613.jpg
    Last edited by Whisky49: 05/01/19
 
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Last
$2.74
Change
-0.110(3.86%)
Mkt cap ! $8.249B
Open High Low Value Volume
$2.80 $2.80 $2.66 $184.4M 67.82M

Buyers (Bids)

No. Vol. Price($)
3 238827 $2.72
 

Sellers (Offers)

Price($) Vol. No.
$2.74 274109 7
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Last trade - 16.10pm 15/08/2024 (20 minute delay) ?
PLS (ASX) Chart
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